Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for shares of Netflix in a research report issued on Tuesday. SunTrust Banks analyst M. Thornton expects that the Internet television network will earn $0.61 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $270.00 target price on the stock. SunTrust Banks also issued estimates for Netflix’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.75 EPS and Q4 2018 earnings at $0.70 EPS.

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Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the business posted $0.15 EPS. Netflix’s quarterly revenue was up 32.6% on a year-over-year basis.

A number of other brokerages have also recently commented on NFLX. Morgan Stanley reiterated an “overweight” rating and set a $255.00 target price (up previously from $235.00) on shares of Netflix in a report on Thursday, January 18th. Loop Capital reiterated a “buy” rating and set a $237.00 target price on shares of Netflix in a report on Wednesday, December 6th. Canaccord Genuity reiterated a “buy” rating and set a $280.00 target price (up previously from $225.00) on shares of Netflix in a report on Tuesday, January 23rd. Wells Fargo & Co reiterated an “outperform” rating and set a $250.00 target price (up previously from $230.00) on shares of Netflix in a report on Monday, January 8th. Finally, Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $230.38 target price on the stock in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $239.39.

Shares of Netflix (NFLX) opened at $266.00 on Thursday. The company has a market capitalization of $112,075.85, a price-to-earnings ratio of 212.80, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix has a fifty-two week low of $138.26 and a fifty-two week high of $286.81.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Netflix by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock worth $842,878,000 after acquiring an additional 143,321 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Netflix by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock worth $729,077,000 after acquiring an additional 159,750 shares during the last quarter. First Trust Advisors LP increased its position in shares of Netflix by 9.7% during the fourth quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock worth $380,075,000 after acquiring an additional 174,630 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Netflix by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after acquiring an additional 354,801 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Netflix by 3.3% during the third quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock worth $336,420,000 after acquiring an additional 58,691 shares during the last quarter. 82.38% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the sale, the director now directly owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 2,743 shares of Netflix stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total value of $563,933.37. Following the sale, the insider now directly owns 1,147 shares in the company, valued at $235,811.73. The disclosure for this sale can be found here. Insiders sold 469,901 shares of company stock worth $107,797,603 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.